This significant allotment measuring 1238m2 (approx.) in a highly prized address offers buyers an exciting and lucrative prospect to take advantage of the approved plans and permits to construct 3 luxury townhouses. With undeniable family appeal, the spacious designs of the prospective properties feature 4 bedrooms, 3 bathrooms and a double garage and boast a generous 329m2, 261m2 and 365m2 of land included in the title. The existing weatherboard dwelling is currently tenanted and comprises 3-bedrooms, spacious living and dining zone that connects to a central kitchen, updated bathroom and a rear patio that overlooks the sprawling rear garden that hosts a single garage. Surrounded by fantastic amenities, this superb location is positioned just moments to Eastland, EastLink, Ringwood Bowls Club, local buses, Ringwood Train Station, Ringwood Heights Primary School, Ringwood North Primary School and Norwood Secondary College, while only a short walk to Evelyn Road Reserve and the Mullum Mullum Creek walking trail.